GEORGE 1
GEORGE 1 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by WPX Energy Permian, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 4,490,931 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $4.3M, with roughly $754K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 22,291 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 241,123 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about GEORGE 1
- Who operates GEORGE 1?
- GEORGE 1 is operated by WPX Energy Permian, LLC, Railroad Commission of Texas operator number 942623.
- Where is GEORGE 1?
- GEORGE 1 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 285795.
- Is GEORGE 1 still producing?
- GEORGE 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEORGE 1 is August 2026.
- How much has GEORGE 1 produced?
- GEORGE 1 has reported 4,490,931 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is GEORGE 1 worth?
- The remaining production from GEORGE 1 is estimated to be worth about $4.3M in total as of 26 August 2026, within a range of $3.5M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEORGE 1 is a fraction of it. The estimate fits an Arps decline curve to the production GEORGE 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEORGE 1 is an estimate of value, not an offer and not an appraisal.
- How much income does GEORGE 1 generate in a year?
- GEORGE 1 is forecast to net about $754K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEORGE 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WPX Energy Permian, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 285795 |
| Wellbores | 1 |
| Reported production | 4,490,931 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.3M |
Where GEORGE 1 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.